Scott Bessent has been named as President-elect #Trump's pick as the next #US #Treasury secretary. In recent months, he has spoken on Bloomberg about his views on #taxes, #tariffs, the dollar and the #Fed, making clear his agenda once Trump takes his second term. #economy #investing #finance #money #business

Matt Gaetz pulls out of the race for attorney general and Trump selects Pam Bondi as the new nominee. In the #markets — there's a collapse in yields in Germany and the euro is at a two-year low. Manus Cranny reports. @manus_cranny #investing #finance #stocks #money

#Billionaire and Citadel Founder Ken Griffin said he is “gravely concerned” that the rise of #tariffs would put the #US on a slippery slope towards crony #capitalism — He spoke with Bloomberg Television’s Sonali Basak at the Economic Club of New York Thursday. #economy #politics #investing #finance #money

Archegos Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation tied to the stunning 2021 collapse of his $36 billion family office, capping a case that riveted #WallStreet — Hwang, 60, was sentenced Wednesday by US District Judge Alvin Hellerstein in New York. The prison term was slightly lower than the 21 years prosecutors had sought. Hwang’s lawyers had initially asked that he be given no prison time at all. #business #crime #markets #investing #stocks #finance

Scott Kleinman, co-president at Apollo Global Management, sees #inflation “not as beaten, but as suppressed,” as he warned #markets not to get too comfortable with the current trajectory of inflation and interest rates. #business #finance #investing